I’m a sucker for a good flowchart because they either can help to simplify analysis or they can show how something is very complex.
Some of my favorites include:
I’d like to see a good fiscal policy flowchart, one that captures all the options for policymakers.
I created a matrix early last year to illustrate some of the goals and tradeoffs, but it wasn’t comprehensive.
Well, the folks at the UK-based Social Market Foundation have stepped into the breach and put together a flowchart that seems to cover every option.
Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock